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@thekudlowreport. we'll read them later in the show. >>> guess what? nancy pelosi is staying. wow! in congress. as the minority leader of the house democrats. holy cow. surrounded by women democrats at the house, nancy pelosi told reporters today they were looking into the future. more women, more minorities in the incoming house. more than ever before with her decision. the democratic leadership is not going to change in the new house of representatives in january. and all i'll say is my condolences to her longtime deputy, steny hoyer. >>> anyway, stocks dropped sharply on president obama's press conference today. the dow closed down almost 700 points since the election itself. keith boykin notwithstanding. we'll look at the growing number of investor pessimists. this is not good. >>> later, markets also have their eye on a big escalation in mideast hostility. hamas declaring war on israel. this while we have no cia director. >>> and don't forget, free market capitalism is the best path to prosperity. i don't know why we have to raise $800 billion in revenues. makes no sense to me. cut spendi
but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before the end of the
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